Editorial Board
Lessons From a Bank Heist
A rash of cybercrimes exposes local, not systemic, failures.
Swift can’t do it alone.
The Society for Worldwide Interbank Financial Telecommunication, an organization that enables money transfers worldwide, has come under fire after a rash of bank hackings -- some of which bear fingerprints of nation-states including North Korea. In response, it announced this week a series of new measures aimed at protecting the global financial system from cybercrime.